Page 11 - EurOil Week 46 2022

EurOil PIPELINES & TRANSPORT EurOil

Aliyev visits Albania to discuss gas pipes

ALBANIA AZERBAIJANI President Ilham Aliyev visited and other regions. Albania has always supported
Albania on November 15. After a meeting on Azerbaijan's territorial integrity and supported
MOL's main refinery November 15 Aliyev and President of Albania the implementation of UN Security Council
near Budapest and Bayram Begay made statements to the press. resolutions. Regarding the war in Ukraine, I
its main facility in "Albania is very interested in expanding declare that we support the territorial integrity
Slovakia are supplied cooperation in the fields of energy, infrastruc- of Ukraine and we want this issue to be resolved
by Druzhba. ture, tourism, agriculture and industry. Of peacefully, based on the norms of international
course, in the field of energy, the Ionic-Adriatic law," Begay said. Begay also stressed Kosovo's
pipeline connects Albania, Montenegro, Croa- importance for Albania. (Azerbaijan still doesn't
tia, increases the geopolitical importance of our recognize Kosovo officially)
countries and demonstrates the diversification of Aliyev said: "The expansion of these two
gas supply at the regional, including European, [TANAP and TAP] pipelines, which are already
level. We know that your country has experience an integral part of the Southern Gas Corridor,
in investing in this field. Albania is also very open is being discussed. That is, it shows that there
and ready to use transit facilities on its territory. is a great need and demand for it. Azerbaijan is
We consider it possible to fully use our gas infra- already recognised and valued as a reliable part-
structure for this purpose. We sincerely wish for ner by European Union officials. Of course, we
greater results in this area. Thus, we open new also understand this responsibility well. At the
ways of our cooperation and we welcome the same time, we talked with you today about the
efforts of the Azerbaijani side for this purpose. contribution we can make to the development
We believe that by working together, we will be of the gas industry in Albania. We have our
able to mobilize and expand our capabilities," thoughts on this matter. A gas network has not
Begay said. been established in Albania to date. Azerbaijan
Touching on Russia's invasion of Ukraine, can participate in this field as an investor, and we
Begay emphasized that they share same position are ready for it. Today we will discuss this issue
as Azerbaijan: "We take a common position – and other issues related to the field of energy."
diplomacy and dialogue are the main way for- Aliyev also expressed an interest in an Azer-
ward. It is also important for the South Caucasus baijani partnership with Nato. ™

PERFORMANCE

Azerbaijan's revenue from oil exports

increased by 53% in Jan-Oct

AZERBAIJAN THE export of declared oil from Azerbaijan in The rest of the top 10 buyers are Croatia
January-October 2022 was 22.68mn tonnes, (1.159mn tonnes for $952mn), Spain (1.113mn
Higher prices more which is 4.7% lower y/y, the State Customs Ser- tonnes for $824mn), Great Britain ($752mn),
than offset lower vice reported on 16 November. The total value Czech Republic ($658mn), Portugal ($641mn)
volumes. of oil exported during the reporting period was and Tunisia ($408mn). The Netherlands
$17.1bn (an increase of 53.1%). (0.082mn tonnes for $62mn) also joined the list
The share of oil in the total export structure in of buyers in October.
January-October 2022 equalled 49.49% (66.59% China, Canada and a number of other coun-
in January-October 2021). During the reporting tries that actively purchased Azerbaijani oil in
period, 28 countries were buyers of Azerbaijani 2021 are not among the buyers. One reason for
oil. Among them, according to the State Cus- China not participating in the process could
toms Committee, traditionally, Italy remains be explained by Taiwan's recent purchase of oil
the main buyer (8.3mn tonnes for $6.26bn), from Azerbaijan. It was in the 21st position with
which accounted for 36.9% of all exports of oil 0.138mn tonnes for $115mn.
in January-October 2022. In addition to Italy, Insignificant volumes were supplied to Rus-
the top 3 buyers included Israel (2.06mn tonnes sia (710.65 tonnes), Bulgaria (471.01 tonnes)
for $1.5bn) and India (1.878mn tonnes for and Georgia (1.70 tonnes) in January-October
$1.548bn). 2022. ™

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